Nature and biodiversity
Nature and its ecosystem services fundamentally underpin economies and societies. Nature and biodiversity are intrinsically connected to our efforts to mitigate and adapt to climate change, maintain healthy communities, and support productive, sustainable economies.
More detail can be found in our position statements on Forestry and Agricultural Commodities, World Heritage Sites and Ramsar Wetlands.
Industry collaboration and engagement
We believe collaboration and engagement across industry is essential to sharing learnings and having a successful nature-related transition. Examples of work undertaken by Barclays in 2023:
- Continued to provide feedback to the Taskforce on Nature-related Financial Disclosures (TNFD) – both bilaterally, as part of our membership of the TNFD Forum, and through industry groups ahead of the finalisation of the TNFD Framework.
- Provided input into the nature components of the Transition Plan Taskforce (TPT) disclosure guidance for climate transition plans as part of the TPT’s Nature Working Group.
- Continued engagement with a number of industry and cross-sector groups, including the UN Principles for Responsible Banking (PRB) Nature Working Group – whereby we fed into a guide to setting targets relating to banks' practices and processes on nature.
- Provided input into the London School of Economics Financing a Just Transition Alliance’s publication on a just nature transition.
- Co-led the publication of a guide on Financing Coastal Nature-based Solutions (NbS) as part of the Sustainable Markets Initiative’s Financial Services Task Force (FSTF).
